With the stock market taking dips and turns more thrilling than a rollercoaster, those of us prone to queasiness are looking for relief. We cannot provide a solution for your slipping stock portfolio, but we can offer advice on how to manage your material assets. In times of economic downturn, the smartest purchases last season after season. The pieces we have selected are wardrobe staples that are likely to appreciate. We make no excuses for the prices. We know they are astronomical, but worthwhile investments rarely come cheap. That said, since we are fiscally responsible, we have paired the pricey prices with more affordable options. Consider it our version of value investing.
Left: There is a reason Burberry is practically synonymous with the trench coat, Thomas Burberry, the label’s founder, created it in 1914. He also developed gabardine, the breathable, weatherproof fabric from which the coats are constructed. Originally conceived as military wear, the functional coat has been part of the mainstream since the 1940s.
Right: Marks & Spencer’s version does not have the history of Burberry one, but the price is right.
Left: If you had to name the most iconic designer bag what would it be? We’re willing to bet the name Chanel comes to mind. Designed in 1955 by the legendary Coco Chanel, the bag was a reflection of the designer. She inserted pockets to hide her love letters and spare money. The quilted pattern was a nod to her love of horse racing. Finally, the interlocking double c clasp was inspired by the keys carried by her orphanage caretakers. The bottom line: It bags will come and go but this will stay fashionable forever.
Right: Mango is a go to resource for people with champagne tastes and beer budgets. The chain handle and gold accents add luxurious details to this ladylike gem.
Left: Catapulted into fame after designing Carolyn Besette Kennedy’s wedding dress, Narcisco Rodriquez is famous for his body conscious designs. Another political name he’s been linked to recently? Michelle Obama. Guaranteed to last the test of time, his architecturally constructed dresses are known to enhance a woman’s physique like no other.
Right: The cut-out back makes it a sexy evening dress but pair it with a cardigan or blazer and you can wear it to work.
Left: Former British Vogue accessories editor Tamara Mellon teamed up with shoe couturier, Jimmy Choo to create this luxury shoe line in 1996. Known for its craftsmanship as well as its sex appeal, the brand has been worn by everyone from princesses to pop starlets.
Right: Nine West’s shoes are not made by hand like Jimmy Choo’s, but they are always reliable and current.
Left: More than merely functional, watches signify status and image. Cartier crafts some of the most coveted. Founded in 1847, the brand has gained worldwide acclaim for its luxurious jewellery and timepieces. Ballon Bleu is the company’s newest addition. With a shape that is futuristic yet timeless, the watch is destined to be a family heirloom.
Right: This watch may not evoke the same envy, but the versatile piece is trend-proof and can also be passed down.
